Housing in Illinois

The housing market in Illinois State is quite strong, with the median value of a house being $241,700. The median value of a house in the United States is $338,100, showing that Illinois State is still considerably lower than the national average. The US House Appreciation has seen an increase of 8.27% over the past year while House Appreciation in Illinois State has only seen an increase of 6.88%, slightly lower than the national average. Despite having slower growth than some other states, Illinois appears to be maintaining its relative affordability when it comes to housing prices.

The median home cost in Illinois is $241,700. Home appreciation the last 10 years has been 53.1%. Home Appreciation in Illinois is up 13.1%.

Average Age of Homes

- The median age of Illinois real estate is 49 years old

The Rental Market in Illinois

- Renters make up 29.9% of the Illinois population
- 2.0% of houses and apartments in Illinois, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

HOUSING BY YEAR BUILT

HOUSING	Illinois, Illinois	United States
	5,412,995	139,647,020
	52	42
	$241,700	$338,100
	13.1%	16.6%
	34.8%	57.0%
	53.1%	101.1%
	$22.39	$10.98
	$4,744	$2,690
	60.6%	57.4%
	8.9%	11.2%
	30.5%	31.4%
VACANT HOUSING
	2.0%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.4%	0.4%
	0.9%	3.6%
	4.4%	4.1%
VALUE OF OWNER-OCCUPIED HOUSING
	2.2%	2.6%
	2.3%	2.4%
	3.1%	2.8%
	4.8%	3.9%
	5.7%	4.5%
	13.6%	11.3%
	15.1%	13.0%
	22.8%	20.1%
	13.7%	13.6%
	6.5%	8.3%
	6.2%	9.7%
	2.0%	3.9%
	1.1%	2.2%
	0.3%	0.8%
	0.5%	1.1%
HOUSING UNITS BY YEAR STRUCTURE BUILT
	0.1%	0.2%
	10.9%	13.6%
	10.9%	13.6%
	11.1%	13.6%
	9.1%	13.2%
	14.4%	14.8%
	11.1%	13.6%
	12.4%	10.0%
	6.0%	4.7%
	20.9%	12.2%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

View More Data >

Reviews for Illinois 77 Reviews

Miserable - 11/4/2021
Dont move to Illinois, I moved here over 11 years ago, I was shocked to find out how rude and whiny people are that live here, the mid west was suppose to be such a good... Read More

Brenda | Maryville, IL | Reply | No Replies

Start Your Review of Illinois

Just to set the record straight - 9/28/2021
I just want to say being a resident in Illinois for over 50 years, if you are a fairly hard working person of average intelligence, Illinois is probably one of the best... Read More

Jeffery | Steger, IL | Reply | No Replies

Taxes and fees are killing me - 7/5/2021
I have lived in illinois my whole life (31years) and the ever increasing taxes and fees are killing me. Rent keeps on going up because of all the tax increases every... Read More

Joseph | Bourbonnais, IL | Reply | No Replies

View More Data >

COMPARE COST OF LIVING

Compare Illinois to any other place in the USA.

MAPS OF ILLINOIS

ZIP CODES IN ILLINOIS

60629, 60618, 60632, 60639, 60623, 60647, 60804, 60617, 60625, 60608, ... 1392 more

PREMIUM MEMBERSHIP

Members receive 10 FREE city profile downloads a month, unlimited access to our detailed cost of living calculator and analysis, downloadable reports, and more.

Try Now

United States / Illinois / Metro Areas / Counties / Cities / Zip Codes